Suppose you invest $106,870.00 today in an account that earns 3.84% interest annually. How much money will be in your account 8.0 years from today? What is the value today of single payment of $54,082.00 , 19.0 years from today if the value is discounted at a rate of 15.80% ? How many years would it take an investment of $491.00 to grow to $39,760.00 at an annual rate of return of 16.91% ? How much money would you need to deposit today at 4.27% annual interest compounded monthly to have $25,385.00 in the account after 5.0 years? If you deposit $61.00 into an account paying 14.05% annual interest compounded quarterly, how many years until there is $24,931.00 in the account? If you deposit $55,337.00 at 18.47% annual interest compounded quarterly, how much money will be in the account after 3.0 years? If you deposit $1,662.00 into an account paying 7.07% annual interest compounded monthly, how many years until there is $22,886.00 in the account? What is the value today of receiving a

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Suppose you invest $106,870

Finance Oct 19, 2020

Suppose you invest $106,870.00 today in an account that earns 3.84% interest annually. How much money will be in your account 8.0 years from today?
What is the value today of single payment of $54,082.00 , 19.0 years from today if the value is discounted at a rate of 15.80% ?
How many years would it take an investment of $491.00 to grow to $39,760.00 at an annual rate of return of 16.91% ?
How much money would you need to deposit today at 4.27% annual interest compounded monthly to have $25,385.00 in the account after 5.0 years?
If you deposit $61.00 into an account paying 14.05% annual interest compounded quarterly, how many years until there is $24,931.00 in the account?
If you deposit $55,337.00 at 18.47% annual interest compounded quarterly, how much money will be in the account after 3.0 years?
If you deposit $1,662.00 into an account paying 7.07% annual interest compounded monthly, how many years until there is $22,886.00 in the account?
What is the value today of receiving a single payment of $69,406.00 in 9.0 years if your required rate of return on this investment is 14.93% compounded semi-annually?
If you deposit $126.00 at 23.29% annual interest compounded daily, how much money will be in the account after 7.0 years? (Assume that there are 364 days in a year and show your answer to the nearest cent)
Suppose you deposit $424.00 today, $161.00 in one year, and $915.00 in two years in an account that pays an annual rate of interest of 13.15% . How much money will be in the account after three years?

Expert Solution

10) Computation of Future Value:

Present Value = $424 + $161*1/(1.1315)^1+$915*1/(1.1315)^2

= $1,280.97

Future Value = Present Value * ( 1+ Rate of Interest)^ Time

= $1,280.97*(1+13.15%)^3

Future Value = $1,855.68

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